Eugene: Fully in cash again, waiting on the sidelines, next stage target price well below current price

Feb 4 — Per HyperInsight monitoring (via Telegram: https://t.me/HyperInsight), Taiwanese artist Huang Licheng (nicknamed “Brother Ma”) has deposited ~$13.16 million into crypto platform Hyperliquid since October last year, with no withdrawals in that period. His current account balance is just ~$60,000, and nearly every incoming fund has ended in a loss. His latest deposit (~$250,000) was made on Feb 2. He then opened and continuously added to leveraged long positions in ETH and HYPE, which triggered liquidation today. This marks an over $50.3 million drawdown from his account’s September peak of ~$50.39 million. Excluding a small withdrawal, most of the decline stems from reversed unrealized gains and liquidation losses. Huang, who previously profited from blue-chip NFTs, has been active on Hyperliquid since mid-2025. Since October 2025, he has faced successive massive liquidations, shrinking his total holdings from over $100 million to just tens of thousands of dollars now.

Binance Alpha will list Warden Protocol (WARD) on February 4, per an official announcement. Eligible users may claim the airdrop using Alpha Points by visiting the Alpha page once trading commences. Additional details will be released soon.

Feb. 4: On-chain governance tool Tally announced it will launch an ICO, with plans to publicly document the full process over the next 60 days. Additionally, Tally has built an ICO fundraising platform powered by Uniswap CCA (a Uniswap-linked contract or mechanism) to help teams of all sizes raise capital.

February 4th: Farside Investors data shows US Bitcoin spot ETFs posted a net outflow of $272 million yesterday, while Ethereum ETFs recorded a net inflow of $14 million.

February 4 — Bitwise Asset Management, a cryptocurrency asset manager, is acquiring Chorus One, an institutional-grade staking service provider for decentralized networks. Both firms confirmed the deal but did not disclose financial terms. Chorus One currently oversees roughly $2.2 billion in staked assets under management (AUM). Bitwise CEO Hunter Horsley noted staking is “one of the most compelling growth opportunities” for clients holding spot crypto assets.

February 4 Per incomplete data from L2Beat, there are roughly 135 active Ethereum Layer 2 (L2) networks today. Of these, 109 have a daily average User Operations Per Second (UOPS) of less than 1. ### Ethereum Mainnet The Ethereum mainnet logged a daily UOPS of 29.94 over the past 24 hours, with a recent peak of 33.59 on January 16, 2026. ### Key L2 Networks (Daily UOPS & All-Time Peaks) - Base: 144.04 | Peak = 213.14 (Nov 18, 2025) - Polygon: 81.49 | Peak = 190 (Nov 16, 2023) - Arbitrum: 60.13 | Peak = 69.35 (Sep 25, 2025) - Optimism (OP): 28.71 | Peak = 33.81 (Oct 10, 2025) ### Notable L2s with Daily UOPS < 1 Among the 109 low-UOPS networks, prominent ones include: ApeChain (0.73), Linea (0.73), Blast (0.67), Mantle (0.54), Manta (0.52), ZKsync Era (0.46), Metis (0.28), Hemi (0.1), Sophon (0.08), Zora (0.07), ZKFair (0.06), Aevo (0.05), Degen Chain (0.04), Polygon zkEVM (0.04), Redstone (< 0.01), Loopring (< 0.01)